Yen Reverts Losing Trend on Domestic Speculations
Thursday, March 11th, 2010
The yen started this Thursday’s session in Asia gaining versus currencies regionally and globally, on speculations that local investors are repatriating capital before the Japanese fiscal year ends in the following weeks.
The Aussie profited today from a risk driven scenario in global markets and extended yesterday’s gains after central bankers in the nation said that interest rates may be hiked further this year if the economy continues to recover.